The Trade Balance of the Country of Utopia Would Be

question 92

Multiple Choice

The trade balance of the country of Utopia would be in deficit only if:

• A)its import of services exceed its export of services.
• B)its merchandise exports exceed its merchandise imports.
• C)its merchandise imports exceed its merchandise exports.
• D)foreign investors invest in domestic assets.
• E)the citizens of Utopia purchase foreign securities to earn a high return and diversify their investment.

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Definitions:

Dominant Strategy

In game theory, a strategy that is the best choice for a player, no matter what the other players do.

Drug Dealers

Individuals or entities involved in the illegal trade of controlled substances.

Confess

To admit or acknowledge something that is true, especially something personal or sensitive.

Good Quality Product

A product that meets or exceeds the expectations of its users in terms of performance, durability, and reliability.